{"url":"https://nivawealth.com/firms/advisor-partners-ii-321633","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/321633","regulatoryAum":13910765668,"crd":"321633","secFileNumber":"801-125744","legalName":"Advisor Partners II, LLC","displayName":"Advisor Partners II","website":"https://concentricinnovation.com/","linkedinUrl":"https://www.linkedin.com/company/concentric-innovation","founded":"2001","organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1333 N. California BLVD, Suite 680","city":"Walnut Creek","state":"CA","stateName":"California","country":"United States","postalCode":"94596"},"tradeNames":[],"registration":{"secApproved":"25 May 2022","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":26,"advisory":16,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":13910765668,"discretionaryAccounts":5371,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":411492743,"nonUsClientsPct":0,"nonAumClients":3},"clientTypes":[{"label":"Individuals (other than HNW)","clients":762,"regulatoryAum":554832689},{"label":"High-net-worth individuals","clients":4380,"regulatoryAum":11676631335},{"label":"Pension and profit-sharing plans","clients":3,"regulatoryAum":21563399},{"label":"Charitable organizations","clients":91,"regulatoryAum":352509052},{"label":"Other investment advisers","clients":4,"regulatoryAum":12449726},{"label":"Corporations and other businesses","clients":131,"regulatoryAum":1292779467}],"fees":[{"service":"Investment advisory services","basis":"Percentage of assets; negotiable.","range":"Up to 0.50% a year"}],"feeNotes":[],"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":5805275903},{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":2566371018},{"name":"PNC Bank, N.A.","shortName":"PNC Bank, N.A.","location":"Philadelphia, PA","smaAssets":2970685392}],"custodyNote":"Advisor Partners II does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Rahul Agrawal","title":"President/Chief Investment Officer","crd":"4840980"},{"name":"James McCall","title":"Chief Compliance Officer","crd":"4488129"},{"name":"Charles Keates","title":"General Counsel","crd":"4478687"},{"name":"Ralph Studley","title":"Chief Revenue Officer","crd":"4514830"}],"ownership":[{"label":"Pathstone Intermediate Holdings,","detail":"Managing member in the 75% or more ownership band and a control person, since April 2022."},{"label":"Pathstone Intermediate Holdings, LLC","detail":"Managing member in the 75% or more ownership band and a control person, since April 2022."},{"label":"Kai XI (tailwind) Investor, LP","detail":"Indirect owner: a limited partner of Pathstone Holdings LLC in the 25% to 50% band and a control person, since May 2023.","parent":"Pathstone Holdings LLC"},{"label":"Pathstone Holdings LLC","detail":"Indirect owner: a member of Pathstone Intermediate Holdings, LLC in the 75% or more band and a control person, since May 2023.","parent":"Pathstone Intermediate Holdings, LLC"},{"label":"Kia XI (tailwind) GP, L.P.","detail":"Indirect owner: general partner of Kai XI (tailwind) Investor, LP and a control person, since May 2023.","parent":"Kai XI (tailwind) Investor, LP"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":0},"listedOfficeAddresses":4,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"1333 N. California BLVD, Suite 680","city":"Walnut Creek","headquarters":true}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"115 Federal Street","city":"Boston"}]},{"state":"New York","offices":1,"addresses":[{"street":"850 Third Avenue","city":"New York"}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"6022 West Chester Pike","city":"Newtown Square"}]}],"minimumAccount":250000,"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"888-265-2257","stateRegisteredReps":12,"otherAdviserReps":2,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":56},{"label":"U.S. government/agency bonds","percent":9},{"label":"U.S. state and local bonds","percent":19},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":14},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/321633/PDF/321633.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037568","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"logo":{"src":"/firms/advisor-partners-ii-321633.webp","width":981,"height":200,"tone":"dark","sourceLabel":"Advisor Partners II, website","sourceUrl":"https://concentricinnovation.com/"},"otherBusiness":[],"faq":[{"question":"How many clients does Advisor Partners II have?","answer":"Advisor Partners II has 5,371 clients and manages $13.9 billion for them, as of March 2026. They include 4,380 high-net-worth individuals, 762 other individuals and 131 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Advisor Partners II offer?","answer":"Advisor Partners II provides portfolio management for individuals and small businesses, portfolio management for institutions and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Advisor Partners II charge?","answer":"Advisor Partners II charges up to 0.50% a year for investment advisory services.","source":"Part 2A brochure, Item 5","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Advisor Partners II use?","answer":"Advisor Partners II’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $5,805,275,903, PNC Bank, N.A. (Philadelphia, PA), with $2,970,685,392 and Fidelity Brokerage Services LLC (Smithfield, RI), with $2,566,371,018. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Advisor Partners II have?","answer":"Advisor Partners II has 12 investment adviser representatives registered with state securities authorities, out of 26 employees, and 16 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Advisor Partners II invest in?","answer":"At the end of its last fiscal year, Advisor Partners II’s separately managed accounts held 56% exchange-traded equities, 19% state and local bonds, 14% registered funds (mutual funds, ETFs, BDCs), 9% U.S. government and agency bonds, 1% investment grade corporate bonds and 1% cash and equivalents. It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Advisor Partners II have a minimum investment?","answer":"Yes, Advisor Partners II’s minimum account size is $250,000.","source":"Part 2A brochure, Items 5 and 7","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Advisor Partners II?","answer":"Advisor Partners II’s direct owners are Pathstone Intermediate Holdings (75% or more) and Pathstone Intermediate Holdings, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Advisor Partners II get paid?","answer":"Advisor Partners II is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}